Protection of environment is important for the development of business. Australia has over 300 Acts (in addition to numerous Regulations under those Acts) relating to environmental matters. Environmental legislations regulate how land can be acquired and used. Federal and State legislations also mandate that Environmental Impact Assessment (“EIA”) be conducted for the development of a major project. Regulation regarding erection of buildings, pollution, contamination and waste generation is also mandated by the legislations. The legislative authorities enforce the provisions of the legislations by imposing fines and penalties or imposing strict liability on businesses or personal liability of directors and managers. Business entities in Australia are nowadays giving importance to the environmental liability incurred and are undertaking various risk management activities.
 

Reasonable restrictions on import and export of goods have been levied to prevent environmental damage. The Hazardous Waste (Regulation of Exports and Imports) Act, 1989 regulates the export and import of hazardous waste in Australia to protect the environment. The Ozone Protection and Synthetic Greenhouse Gas Management Act, 1989 controls the manufacture, import and export of a range of ozone depleting substances and synthetic greenhouse gases in Australia.

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